Tagged Asia

Sentiment Send Oil and Gold Higher in Asia

Gold picked itself up off the floor Friday, propelled by weaker U.S. CPI and Retail Sales numbers, to rise a stunning 18 dollars to trade as high as 1233.00 before closing at 1228.00. Gold should continue to benefit as yet another set of weak U.S. data forces the world and possibly the Federal Reserve, to reassess the trajectory of U.S. interest rates.

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